Ocean Marine—In Rem Action Discussion

Q

Our new client is interested in buying proper insurance coverage for his business exposures. We have explained to him the property and liability exposures that exist and the insurance coverages we can offer to protect him and the business from loss. He understands how he could have a lawsuit brought against him for a liability claim and how the insurance policy would respond; however, he has asked us about an in rem action and we were not sure what that was. Can you give us some guidance?

Continue Reading for Free

Register and gain access to:

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis